According to the Vietnam Customs in Jan-May Vietnam earned approximately US$ 672 million from exporting 263,170 MT of Pangasius up 24.7% in value and 4.7% in volume.

Pangasius export is expected to hit a record US$800 million in the first six months of the year.

In order to stabilize the supply of raw material and export price from July to the end of the year, Vasep Freshwater Fish Committee (VFFC) held a meeting with 25 biggest Pangasius exporters and Dong Thap and An Giang Fish Farming Associations to set the floor prices for export.

Accordingly, price of trimmed and untrimmed Pangasius fillet shipped abroad (except US) were fixed at US$3.3/kilo and US$2.3/kilo, respectively. Read more of this post

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Godaco reported its after-tax profit increased by 12.7 billion against the same period last year (VND 7.56 billion)

The increase of the company’s after-tax profit in Q1/2011 was attributed to higher net revenue, which increased by VND71.6 billion (69%). In the first quarter, Godaco’s production and export price both increased. Average export price rose from US$2.6/kilo to US$3.1 /kilo. Foreign exchange rate was also higher. Read more of this post

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In the first 2 months of 2011, Anvifish shipped more than 2,200 MT of Pangasius worth US$ 6.5 million.

On April 14, Anvifish held an annual shareholders meeting. The election result and executive board members for the period 2011-2016 were announced. Accordingly, Mr. Luu Bach Thao continued to be the Chairman of Management Board and General Director of Anvifish.

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After years of seemingly unstoppable growth, the value of Pangasius exports from Vietnam has reached a plateau, according to Dr. Nguyen Huu Dzung, VP of the VASEP.

The turning point was 2008, he said, when total export sales hit USD 1.45 billion. (They reacahed USD 1.34 billion in 2009 and USD 1.43 billion last year.)

However, during the same period, the value of exports to the EU, Vietnam’s major market for pangasius products, fell from USD 581 million in 2008 to USD 539 million in 2009 and USD 511 million in 2010. In 2008 and 2009, the volume of pangasius exported to the EU remained steady at 224,000 metric tons, but there was a slight drop in 2010 due to less fish being farmed. Read more of this post

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Organized by Vietnam Association of Seafood Exporters and Producers (VASEP), Vietfish Exhibition 2011 give priority to medium and small seafood companies from the North and Central of Vietnam as South Ha Tinh Seaproduct Import and Export Joint Stock Company (SHATICO). They can take part in the show without fee. Read more of this post

Tariffs on imports of seafood raw material into the European Union must go, said the head of the EU Fish Processors and Traders Association (AIPCE-CEP). “Measures that seek to protect EU markets from third country competition are outdated and should no longer be part of EU policy,” the AIPCE-CEP said on June 15

Today, the majority of seafood raw material imported into the EU for processing is subject to trade barriers such as import duties, Guus Pastor, president of the AIPCE-CEP, told IntraFish. Although there are exceptions, such as cod from the Barents Sea, the majority remains subject to prohibitive duties. Read more of this post

Marine Farms Vietnam on Tuesday announced that sales of the company’s akvacobia brand farmed cobia have increased from 5,000 pounds to 20,000 pounps per month during the first four months of its official launch in the U.S. market.

The cobia has proved popular over a wide spectrum of the market, including grocery-store chains, cruise-ship lines, casinos and seafood restaurants and markets, and retail sales have been particularly strong in the Midwest where mild whitefish are especially popular, according to Marine Farms Vietnam. Read more of this post

The Asia Development Fund sponsored survey on the competitiveness carried out by the Central INstitute for Economic Management (CIEM) showed that policy environment was not favorable enought to boost the competitiveness of exporters, especially seafood ones.

On April 19, in Ha Noi, CIEM and Asia Development Fund announced the results of the survey on the competitiveness of seafood, textile and electronic equipments exporters – the three export pillars of Viet Nam in recent years.

Profit running thin

Seafood export increased rapidly especially after Viet Nam signed the Bilateral Trade Agreement (BTA) with the US, Read more of this post